Maithan Alloys Limited has informed the Exchange about acquisition of Equity Shares through Stock Exchange.
MAITHANALL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 3.5 pts more than its Ferro & Silica Manganese peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Maithan Alloys Limited acquired 0.03% equity stake (13,31,500 shares) in Bank of India on 16th March 2026 through the stock exchange, for a total cost of Rs. 19.93 Crore in cash. The acquisition was done at arm's length and is not a related party transaction. Maithan Alloys stated the purchase is part of its investment portfolio aimed at long-term and short-term gains, with no intention to acquire control of Bank of India's management. The disclosure was filed because the acquisition crossed the threshold limit under SEBI Listing Regulations.
This is a routine treasury investment disclosure by Maithan Alloys in a public sector bank and is unlikely to have a material impact on Maithan Alloys' stock price or on Bank of India's shareholding structure given the very small size of the acquisition.